Landlord Tenant Law: What to Do When Vacancy Rates are Low and Rents are High Out of Stock
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April 2016
Landlord Tenant Law: What to Do When Vacancy Rates are Low and Rents are High
Program Highlights:
- Overview of Key Lease Provisions
- The Judicial Eviction Process
- Obligations of the Landlord
- Obligations of the Tenant
- Mobile Homes
- Security Deposits
- Public and Subsidized Housing
Program Description:
Because vacancy rates are increasing and rents are stabilizing, the title of the class may need to be changed.
While rents rates have been increasing over the past 2-3 years, the huge increase in building at the moment is leading to an increase in inventory and stabilized rents. It has already started.
2 quarters ago, the vacancy rate was a low 5%. This past quarter, the vacancy rate is up to 6.8%, demonstrating the increase in available rental housing. This is because 10,000 to 15,000+ new rental units are been added to the supply in the past few years.
And experts predict greater increases as apartment buildings currently under construction are finished. The better question right now is” “Did we overbuild?”
While the media focuses on higher rents, the truth is that as inventory in housing grows, more and more Landlords are offering concessions such as free month’s rent and $1000 gift card to offset rent for qualified renters willing to sign a 1 year lease.
To stay competitive with amenities in Denver, landlords are adding putting greens, outdoor living areas, composting gardens, dog washes, dog runs, bike maintenance stations, yoga classes, gourmet kitchens, and specialty pools.
So landlord and tenant attorneys need to be educated on the current “higher rent” market as well as the coming “overbuilt” market which will again change the dynamics of the housing market tremendously.
Agenda:
8:30am
Registration and Continental Breakfast
8:55am
Welcome and Introduction
9:00am
Overview of Key Lease Provisions
- Modifying Implied Rights of Other Legal Presumptions
- Provisions to Deal with Constantly Contested Issues, Including Liquidated Damages
Presented by Deborah L. Wilson, Esq.
9:50am
Networking Break
10:00am
The Judicial Eviction Process
- Forcible Entry and Detainer Statute
- Evictions "For Cause" and "Without Cause"
- Jurisdiction
- Summons and Complaint
- Trial
- Appeal
Presented by the Honorable Adam Espinosa
11:00am
Obligations of the Landlord
- Duty to Deliver Possession
- Duty to Repair
Presented by Lindsay Jasper, Esq.
11:50am
Lunch Break on Your Own
1:00pm
Obligations of the Tenant
- Duty to Occupy, Abandonment, Holdover Tenant
- Duty to Pay Rent
Presented by C.E. Abernethy, Esq.
1:50pm
Mobile Homes
- Special Statutory Protections
- Differences in Notices and Timelines
Presented by Deborah L. Wilson, Esq.
2:40pm
Networking Break
2:50pm
Security Deposits
- Gambling with the Retention of the Security Deposit
- Small Claims vs. County Court
- 2005 Mishkin Case
Presented by Brian Popp, Esq.
3:40pm
Public and Subsidized Housing
Special Legal Concerns
Presented by Leslie Ebert, Esq.
4:30pm
Adjourn
- CLE Pass Price *FREE! - exclusions may apply
- Standard Price $329.00 USD
- Member Price $299.00 USD
- General Credits 7.00
- Ethics Credits 0.00
- EDI Credits